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China Sport
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pilotfish
Senior |
12-Jul-2009 01:29
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Sorry, don't get u.
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richtan
Supreme |
12-Jul-2009 01:10
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For me, I based on the 14 day volume ma, it must be at or above tat 14ma.
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pilotfish
Senior |
12-Jul-2009 00:48
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Hi richtan, Appreciate for your valuable comment. From your experience how much would be consider high volume for CSI?
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dealer0168
Elite |
11-Jul-2009 16:20
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Hi Bintang, hang man also needs to have a lower shadow (the tail), which is at least twice the height of the real body as well. So i can say it is actually not a hang man. Besides, a bearish hang man should occurred at a market top or during an uptrend. |
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Bintang
Elite |
11-Jul-2009 16:12
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For China Sports , I fully agree with richtan , the Friday closing candle was not a hammer , normally the best hammer is formed at the bottom n at the ending of a sideway trend . And the volume after the hammer must exceed the daily average volume , then we can confirm that is really a powerful hammer . So if Friday 's candle was not a hammer , then it must be a hanged man rather , so the following candles might fall below the hanged man candle . | ||||
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richtan
Supreme |
11-Jul-2009 15:55
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Even if Mon is a higher high n higher low white candle, the risk/reward is not favorable as it is too near the 15ema, 25ema n 65ema n these emas had been acting as strong resistance. Safer to buy only when it moves above the emas and test it as support. This is only my opinion, dyodd.
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richtan
Supreme |
11-Jul-2009 15:49
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Oh, one more thing, if it is a hammmer (ie tail must at least twice the small body), it still needs confirmation of higher high and higher low white candle the next day for trend reversal
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richtan
Supreme |
11-Jul-2009 15:43
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Hi dealer0168 n pilotfish, Tat black candle does not qualify as a hammer. A hammer must have a lower shadow (tail) of a minimum twice the length of the body
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pilotfish
Senior |
11-Jul-2009 15:25
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Thanks for the 2 great contributors. Our 2 gems. Just examined CapitalLand, it is going down. Indicators getting weaker. For CSI, indicators gaining strength. Still need volume to drive price else it's lkely to travel sideway. Just my view.. |
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Bintang
Elite |
11-Jul-2009 14:09
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Capitaland is now going into correction phase, the D+ has just crossed the D- n ADX is heading down , it looks like going to break recent low at $3.30 , if this point would not support , then it may test the $3.20 which is the lower trendline of the downward channel . China Sports is the same correction pattern as Capitaland , so the trend is still weak in the coming week . | ||||
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el7888
Veteran |
11-Jul-2009 12:45
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Look at Capitaland, the chart formation is the same as China Sport. But Capitaland got volume. On Monday, just wait for the confirmation on both China Sport and Capitaland, maybe SP Ausnet as well. China Sport, Support and Ressistance = 0.135 For Capitaland, the Support and Resistance = 3.5 |
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el7888
Veteran |
11-Jul-2009 07:28
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Weekend take a rest la. No need to work like 股神. Ha ha. Have a good weekend!
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pilotfish
Senior |
11-Jul-2009 02:54
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Wrong indication. Sigh... | ||||
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pilotfish
Senior |
11-Jul-2009 01:29
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Good sign noted in US indexes. Should rebounce tonight (correction rally)...
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pilotfish
Senior |
11-Jul-2009 01:23
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"buy signal" not "buy strength".. need volume to drive price...
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pilotfish
Senior |
11-Jul-2009 01:19
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Hi dealer0168, Indicators gaining strength. Got to wait a while for buy strenght. Need volume. Don't follow my "commando entry".
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dealer0168
Elite |
11-Jul-2009 01:05
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Just hope next week got positive economy news that can help push China Sport up early, just hope fr the BEST . Cheers.
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dealer0168
Elite |
11-Jul-2009 01:02
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Hi el7888, Actually, i'm abit quite bullish on the economy results to be announced next week. But not sure if it comes truth & also come in time. Anyway, nothing is fixed..........let see how things moved on next week ( although currently the TA point of view don't look quite good for China Sport).. Hi pilotfish, The hammer formed today maybe is only a normal hammer as its lower shadow (the tail) is not long enough. Anyway monday will know. |
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pilotfish
Senior |
11-Jul-2009 00:18
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Price continue to fall with weak volume. Buying pressure is weak. Agree with bintang 13 cents may not hold. Nevertheless, price bounce from 12.5 cent. Today ended with a hammer, I suppose, but the tail is not long enough. Richtan, am I right. Let see how it goes now need volume to push price ... see chart |
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el7888
Veteran |
11-Jul-2009 00:12
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I wanted too. But China Sport is trading in very tight range in last few days. And also volume totally collapsed. We want to see some upmove with strong volume. Volume is the key.
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